Champlain Investment Partners LLC Sells 139,290 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO)

Champlain Investment Partners LLC lessened its holdings in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) by 11.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,123,650 shares of the company’s stock after selling 139,290 shares during the quarter. Champlain Investment Partners LLC’s holdings in Vita Coco were worth $31,811,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COCO. nVerses Capital LLC lifted its holdings in shares of Vita Coco by 271.4% during the 2nd quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock valued at $72,000 after purchasing an additional 1,900 shares in the last quarter. CWM LLC lifted its stake in Vita Coco by 40.7% in the second quarter. CWM LLC now owns 2,720 shares of the company’s stock valued at $76,000 after buying an additional 787 shares in the last quarter. Comerica Bank lifted its stake in Vita Coco by 1,155.7% in the first quarter. Comerica Bank now owns 3,993 shares of the company’s stock valued at $98,000 after buying an additional 3,675 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of Vita Coco by 16,538.1% in the third quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock valued at $99,000 after buying an additional 3,473 shares during the period. Finally, ProShare Advisors LLC bought a new stake in shares of Vita Coco during the second quarter worth $141,000. 88.49% of the stock is currently owned by institutional investors.

Insider Activity

In other Vita Coco news, COO Jonathan Burth sold 2,244 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $30.01, for a total transaction of $67,342.44. Following the completion of the sale, the chief operating officer now owns 124,605 shares of the company’s stock, valued at $3,739,396.05. This trade represents a 1.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ira Liran sold 27,176 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $36.04, for a total transaction of $979,423.04. Following the completion of the transaction, the director now owns 883,729 shares in the company, valued at approximately $31,849,593.16. This represents a 2.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,425 shares of company stock valued at $1,669,873. 34.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum boosted their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Vita Coco presently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

Vita Coco Trading Down 1.4 %

Vita Coco stock opened at $36.12 on Friday. The company has a fifty day simple moving average of $30.85 and a 200 day simple moving average of $28.22. The Vita Coco Company, Inc. has a 1-year low of $19.41 and a 1-year high of $37.05. The company has a market cap of $2.05 billion, a P/E ratio of 36.48, a price-to-earnings-growth ratio of 2.39 and a beta of 0.22.

Vita Coco (NASDAQ:COCO) last released its earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.06. The business had revenue of $133.00 million for the quarter, compared to analyst estimates of $138.56 million. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. Vita Coco’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 earnings per share. On average, equities research analysts forecast that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Vita Coco Profile

The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.